MoneyWorks4Me

SAIL moves up on raising prices of flat products by Rs 500-1000/tn

02 Jan 2014 Evaluate

Steel Authority of India (SAIL) is currently trading at Rs. 72.95, up by 0.05 points or 0.07% from its previous closing of Rs. 72.90 on the BSE.

The scrip opened at Rs. 73.00 and has touched a high and low of Rs. 74.80 and Rs. 72.60 respectively. So far 378101 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 101.60 on 07-Jan-2013 and a 52 week low of Rs. 37.65 on 07-Aug-2013.

Last one week high and low of the scrip stood at Rs. 74.80 and Rs. 71.00 respectively. The current market cap of the company is Rs. 30565.89 crore.

The promoters holding in the company stood at 80.00 % while Institutions and Non-Institutions held 16.41 % and 3.58 % respectively.

Steel Authority of India (SAIL), the country’s largest steel producer has raised prices of flat products by Rs 500-1000 per tonne with effect from January 1, 2014. The company has also increased prices of its long products by Rs 500-1000 per tonne effective Jan 1.

Earlier in December 2013, the company had hiked prices of some long products by Rs 500 per tonne.

SAIL is India's largest steel producing company. With a turnover of Rs 49,350 crore, the company is among the five Maharatnas of the country's Central Public Sector Enterprises. SAIL has five integrated steel plants, three special plants, and one subsidiary in different parts of the country.

 

Peers
Company Name CMP
JSW Steel 1255.00
Tata Steel 184.65
Steel Authority 181.60
Jindal Stainless 746.95
APL Apollo Tubes 2181.05
View more..